Paul Coghlan (Fine Gael) | Oireachtas source

I welcome the delegation to today's meeting and thank them for outlining this programme, which will lead to banking union, a welcome but overdue development. Senior bondholders could not be burned in Ireland's case, so to speak, because we had established a scheme to protect depositors beyond €100,000 and there was a pari passu ranking for senior bondholders. The delegation also explained that the Cypriot situation was different.

Taxpayers' equity in Bank of Ireland has been reduced to 15%. The taxpayer and the Exchequer have received something back already, although the continuing losses are being written off. When is it envisaged that the remaining 15% will be disposed of and when will AIB make a start on recouping the moneys invested in it by the Exchequer?